Zacks Research Issues Positive Outlook for COF Earnings

Capital One Financial Co. (NYSE:COF) – Investment analysts at Zacks Research increased their Q3 2024 EPS estimates for shares of Capital One Financial in a research note issued on Thursday, October 17th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings per share of $3.63 for the quarter, up from their previous forecast of $3.60. The consensus estimate for Capital One Financial’s current full-year earnings is $12.87 per share. Zacks Research also issued estimates for Capital One Financial’s FY2024 earnings at $12.82 EPS, Q1 2025 earnings at $3.79 EPS, Q4 2025 earnings at $3.49 EPS, FY2025 earnings at $15.58 EPS, Q2 2026 earnings at $4.53 EPS and FY2026 earnings at $17.59 EPS.

A number of other research firms also recently issued reports on COF. Evercore ISI reduced their price target on shares of Capital One Financial from $166.00 to $163.00 and set an “in-line” rating on the stock in a research report on Monday, October 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 target price on shares of Capital One Financial in a report on Thursday, July 25th. Barclays boosted their price objective on Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. raised their target price on Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Finally, Bank of America upped their price target on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $151.56.

Capital One Financial Stock Performance

COF stock opened at $159.03 on Friday. The firm has a market cap of $60.46 billion, a P/E ratio of 12.45, a P/E/G ratio of 1.22 and a beta of 1.44. The stock’s 50 day simple moving average is $145.76 and its 200 day simple moving average is $142.41. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81. Capital One Financial has a 12-month low of $88.23 and a 12-month high of $160.45.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.14). Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The firm had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the prior year, the firm earned $3.52 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year.

Hedge Funds Weigh In On Capital One Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COF. LRI Investments LLC acquired a new position in Capital One Financial in the 1st quarter valued at approximately $25,000. Y.D. More Investments Ltd acquired a new position in Capital One Financial during the 2nd quarter valued at about $28,000. Hobbs Group Advisors LLC bought a new position in shares of Capital One Financial in the 2nd quarter worth $29,000. Rise Advisors LLC bought a new position in Capital One Financial during the 1st quarter worth approximately $33,000. Finally, Unique Wealth Strategies LLC acquired a new stake in Capital One Financial during the 2nd quarter worth $36,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Activity at Capital One Financial

In related news, CEO Kevin S. Borgmann sold 61,532 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the sale, the chief executive officer now owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by insiders.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were issued a $0.60 dividend. The ex-dividend date was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.51%. Capital One Financial’s payout ratio is currently 18.79%.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.